Societe Generale creates 15 proprietary indexes, says more to come

By Angela McDaniels

Seattle, June 18 - Societe Generale has created a new line of systematic strategy and thematic indexes that aim to provide access to new asset classes, according to a news release.

The indexes can be replicated using tracker funds such as exchange traded funds, through Societe Generale certificates and using structured products and come in two categories:

• The a-research indexes are discretionary or quantitative indexes based on Societe Generale's research. Their objective is to outperform traditional reference indexes, according to the release. For example, the SGI Fed Model index systematically optimizes equities/bond weightings in order to beat a benchmark index equally balanced between these two asset classes; and

• The ß-research indexes aim to reflect high-potential investment areas that are difficult to access compared with traditional indexes. For example, the objective of the Wowax index is to track the water industry via a selection of companies that are the most representative of the industry.

Fifteen indexes have been launched, and Societe General said it expects the number to increase significantly between now and the end of the year.

Societe Generale is a financial services group based in Paris.

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